FFFAX vs. FHAYX

Last updated Jun 4, 2026

FFFAX (Fidelity Freedom Income Fund) and FHAYX (Fidelity Freedom Blend 2010 Fund) are both Target Retirement Date funds from Fidelity. Over the past 5 years, FFFAX returned 3.27%/yr vs 3.50%/yr for FHAYX. Their correlation of 0.94 suggests significant overlap in exposure. FFFAX charges 0.47%/yr vs 0.41%/yr for FHAYX.

Performance

FFFAX vs. FHAYX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Freedom Income Fund (FFFAX) and Fidelity Freedom Blend 2010 Fund (FHAYX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FFFAX achieves a 4.96% return, which is significantly lower than FHAYX's 5.30% return.

FFFAX

• 1D: 0.26%
• 1M: 1.73%
• YTD: 4.96%
• 6M: 5.27%
• 1Y: 11.56%
• 3Y*: 8.09%
• 5Y*: 3.27%
• 10Y*: 4.54%

FHAYX

• 1D: 0.27%
• 1M: 1.97%
• YTD: 5.30%
• 6M: 5.65%
• 1Y: 12.63%
• 3Y*: 8.86%
• 5Y*: 3.50%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

FFFAX vs. FHAYX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
FFFAX Fidelity Freedom Income Fund	4.96%	10.42%	4.34%	8.18%	-11.33%	3.12%	8.93%	10.74%	-2.39%
FHAYX Fidelity Freedom Blend 2010 Fund	5.30%	11.13%	5.01%	9.63%	-13.53%	5.17%	10.34%	14.47%	-6.50%

Correlation

The correlation between FFFAX and FHAYX is 0.95 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.95
Correlation (3Y) Calculated over the trailing 3-year period	0.97
Correlation (5Y) Calculated over the trailing 5-year period	0.96
Correlation (All Time) Calculated using the full available price history since Sep 4, 2018	0.94

The correlation between FFFAX and FHAYX has been stable across timeframes, ranging from 0.94 to 0.97 - a consistent structural relationship.

Return for Risk

FFFAX vs. FHAYX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FFFAX

FFFAX Risk / Return Rank: 76
FFFAX Sharpe Ratio Rank: 78
FFFAX Sortino Ratio Rank: 80
FFFAX Omega Ratio Rank: 80
FFFAX Calmar Ratio Rank: 68
FFFAX Martin Ratio Rank: 74

FHAYX

FHAYX Risk / Return Rank: 75
FHAYX Sharpe Ratio Rank: 76
FHAYX Sortino Ratio Rank: 78
FHAYX Omega Ratio Rank: 79
FHAYX Calmar Ratio Rank: 68
FHAYX Martin Ratio Rank: 73

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FFFAX vs. FHAYX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Freedom Income Fund (FFFAX) and Fidelity Freedom Blend 2010 Fund (FHAYX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	FFFAX	FHAYX	Difference
Sharpe ratio: Return per unit of total volatility	2.57	2.55	+0.02
Sortino ratio: Return per unit of downside risk	3.76	3.75	+0.01
Omega ratio: Gain probability vs. loss probability	1.52	1.52	0.00
Calmar ratio: Return relative to maximum drawdown	3.19	3.19	0.00
Martin ratio: Return relative to average drawdown	14.02	13.89	+0.13
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FFFAX vs. FHAYX - Sharpe Ratio Comparison

The current FFFAX Sharpe Ratio is 2.57, which is comparable to the FHAYX Sharpe Ratio of 2.55. The chart below compares the historical Sharpe Ratios of FFFAX and FHAYX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	FFFAX	FHAYX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.57	2.55	+0.02
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.61	0.55	+0.07
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.98	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.05	0.73	+0.32

Drawdowns

FFFAX vs. FHAYX - Drawdown Comparison

The maximum FFFAX drawdown since its inception was -17.96%, roughly equal to the maximum FHAYX drawdown of -18.64%. Use the drawdown chart below to compare losses from any high point for FFFAX and FHAYX.

Drawdown Indicators

	FFFAX	FHAYX	Difference
Max Drawdown Largest peak-to-trough decline	-17.96%	-18.64%	+0.68%
Max Drawdown (1Y) Largest decline over 1 year	-3.68%	-3.98%	+0.30%
Max Drawdown (3Y) Largest decline over 3 years	-4.91%	-5.89%	+0.98%
Max Drawdown (5Y) Largest decline over 5 years	-15.87%	-18.64%	+2.77%
Max Drawdown (10Y) Largest decline over 10 years	-15.87%	—	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-1.79%	-4.02%	+2.23%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.83%	0.91%	-0.08%

Volatility

FFFAX vs. FHAYX - Volatility Comparison

The current volatility for Fidelity Freedom Income Fund (FFFAX) is 1.86%, while Fidelity Freedom Blend 2010 Fund (FHAYX) has a volatility of 1.99%. This indicates that FFFAX experiences smaller price fluctuations and is considered to be less risky than FHAYX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FFFAX	FHAYX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.86%	1.99%	-0.13%
Volatility (6M) Calculated over the trailing 6-month period	3.87%	4.17%	-0.30%
Volatility (1Y) Calculated over the trailing 1-year period	4.57%	4.97%	-0.40%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.37%	6.43%	-1.06%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.64%	6.74%	-2.10%

FFFAX vs. FHAYX - Expense Ratio Comparison

FFFAX has a 0.47% expense ratio, which is higher than FHAYX's 0.41% expense ratio.

Dividends

FFFAX vs. FHAYX - Dividend Comparison

FFFAX's dividend yield for the trailing twelve months is around 2.97%, more than FHAYX's 2.80% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FFFAX Fidelity Freedom Income Fund	2.97%	3.29%	3.13%	2.92%	5.89%	6.12%	4.37%	3.65%	5.17%	3.74%	3.21%	3.28%
FHAYX Fidelity Freedom Blend 2010 Fund	2.80%	3.03%	2.78%	2.63%	5.16%	6.07%	3.22%	2.42%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both FFFAX and FHAYX in my portfolio?

With a correlation of 0.95, FFFAX and FHAYX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, FFFAX or FHAYX?

FHAYX has higher volatility (1.99%) compared to FFFAX (1.86%). In terms of maximum drawdown, FFFAX dropped -17.96% vs FHAYX's -18.64%.

Which has better risk-adjusted returns?

FFFAX currently has the higher Sharpe Ratio (2.57 vs 2.55), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.